Columbia, AL is a small town located in the southeastern part of the state. It is home to several local companies such as Dixie Fabricators, Magnolia Electrical Solutions, and Churchill Machine Products. The cost of living index for Columbia is relatively low compared to the rest of the United States. For example, 2 bedroom rent in Columbia is $880 while it is $1,430 in the US. Additionally, the grocery cost index in Columbia is 94 versus 100 in the US. This shows that it's cheaper to live and work in Columbia than many other parts of the country.
Columbia has an unemployment rate of 3.4%. The US average is 6.0%.
Columbia has seen the job market decrease by -2.3% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Columbia
- The Sales Tax Rate for Columbia is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Columbia is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Columbia
- The average income of a Columbia resident is $25,686 a year. The US average is $37,638 a year.
- The Median household income of a Columbia resident is $51,563 a year. The US average is $69,021 a year.